Nvidia is ramping up its AI chip production after reporting substantial revenue growth from its AI data centers.
Nvidia is expected to report a Q1 2024 revenue of $24.5 billion, a surge of 241% YoY, comparing favorably to $7.2 billion in Q1 2023 and a vast growth from $2.2 billion in Q1 2019.
BitFuFu Inc. has seen a 149% revenue growth in the Q1 of 2024, driven by their cloud mining solutions and self-mining operations, positioning them as a dominant player in the cloud mining sector.
Solana experienced significant growth in fees and revenue alongside a surge in network activity during Q1 2024, highlighting a robust start to the year despite a later downturn in Q2.